MidAmerican buys Alta Wind VII, Alta Wind IX projects

MidAmerican Wind, a subsidiary of MidAmerican Renewables whose parent company is MidAmerican Energy Holdings Company, announced it has completed the acquisition of the 168-megawatt Alta Wind VII and the 132-megawatt Alta Wind IX projects from California Highwind Power, a subsidiary of Terra-Gen Power, LLC. The projects are located near Tehachapi, Calif., and will consist of a total of 100 Vestas 3-megawatt V90 wind turbines.

“The completion of this acquisition marks MidAmerican Wind’s second acquisition of wind generation assets in 2012,” said Tom Budler, president of MidAmerican Wind. “We are pleased to add the Alta Wind VII and Alta Wind IX projects to our generation portfolio.”

When complete, Southern California Edison will purchase electricity from each of the projects pursuant to the terms of long-term power purchase agreements. The projects will interconnect to and utilize Southern California Edison’s Tehachapi Renewable Transmission Project.

With the addition of the Alta Wind projects, MidAmerican Renewables’ portfolio includes more than 1,250 megawatts of owned renewable energy assets in operation or under construction.

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Through its subsidiaries, MidAmerican Energy Holdings Company is the No. 1 rate-regulated utility owner of wind-powered generation capacity in the U.S. MidAmerican began building wind energy projects in 2004, and the company has built or acquired more than 3,300 megawatts of wind generation. Through MidAmerican Wind, MidAmerican is growing its unregulated wind generation portfolio.

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